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What sparked a new period of colonial expansion for England in the mid-seventeenth century?
Borrower
An individual or entity that receives funds from a lender under the agreement that the funds will be repaid, typically with interest, over a period of time.
Installment Accounts Receivable
Refers to the money owed to a company that will be paid back in regular, periodic payments.
Term Loans
Loans from financial institutions that are repaid over a set period of time with scheduled payments.
Personal Guarantees
A commitment by an individual to repay a debt if the original borrower defaults, often required in business loans.
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